Diverging Capitalisms: Britain, the City of London and Europe – new publication in SPERI’s book series

We are very pleased to announce the publication of Diverging Capitalisms: Britain, the City of London and Europe, a new edited collection by Professor Colin Hay, Director of SPERI, and Dr Daniel Bailey, Post-Doctoral Research Fellow at the University of Manchester and former researcher at SPERI.

The chapters in the collection consider the impact of the global financial crisis, the Eurozone crisis and Brexit upon varieties of capitalism in the EU, question the sustainability of the UK’s growth model beyond Brexit and examine the future of social democracy in Europe.

The publication of Diverging Capitalisms is the culmination of a highly successful joint research project between SPERI, the Foundation for European Progressive Studies (FEPS) and Policy Network. The chapters are drawn from papers that were given at four workshops held between 2015-17 in London and Brussels which each considered different aspects of the relationships between Britain, the City of London and Europe.

Diverging Capitalisms is published in SPERI’s series with Palgrave Macmillan ‘Building a Sustainable Political Economy’ and is available in hardback or e-book format. Individual chapters can be bought in e-book format.

About the book

This book analyses the changing nature of the British economy and the consequences of Brexit upon its place within the European economic space. The overhang from the global financial crisis, the Eurozone crisis, the political negotiation of prolonged economic downturn and now the spectre of ‘Brexit’ provide the backdrop for various forms of capitalist restructuring designed to restore competitiveness and prosperity. This re-structuring has clear implications for existing European growth models, the structural imbalances and inequalities which characterise the British economy, the fortunes of the City of London and competing financial districts internationally, and the prospective strategies of progressive politics in this context. Adopting a broadly critical political economy lens – which gives analytical weight to the relationship between economic and political dynamics – the book will draw on the research of eminent scholars to assess divergence in the foundations of economic competitiveness and their social repercussions.

Table of contents

Introduction: Brexit and European Capitalism—A Parting of the Waves?

Colin Hay and Daniel Bailey

After Brexit: The Past and Future of the Anglo-Liberal Model

Andrew Gamble

“Pragmatic Adaptation” and the Future of the City of London: Between Globalisation and Brexit

Leila Simona Talani

The Limits of the City’s Structural Power: The City’s Offshore Interests and the Brexit Referendum

Helen Thompson

European Union Financial Regulation, Banking Union, Capital Markets Union and the UK

Lucia Quaglia

Integration and Disintegration: Two-Level Games in the EU

Waltraud Schelkle

The UK’s Growth Model, Business Strategy and Brexit

Scott Lavery

The Bed You Made: Social Democracy and Industrial Policy in the EU

Angela Wigger and Laura Horn

Unusual Bedfellows? The IMF, Tackling Inequality and Social Democratic Policy Renewal

Ben Clift